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Home » Archives for 2021

Archives for 2021

Unpacking 2020: Lessons Learned and Marketing Predictions for 2021

April 13, 2021 By ECPR Team Leave a Comment

With vaccines becoming more available by the day, and life’s return to “normal” imminent, it is easy to want to forget about the year 2020 altogether. Why dwell on the past, especially if it brought with it much difficulty and strife – right? Though this sentiment is highly relatable, it carries with it a few flaws, at least from the perspective of marketing.

As marketers, it is our job to dichotomize the year 2020 and make sense of the valuable learning elements the year brought with it. To be prudent, we deployed an end of year survey to groups of other marketers and Eberly & Collard social media followers for their input. Our survey asked participants questions that allowed us insight into the ways in which marketing, and marketing platforms, transformed in 2020. We then used the survey’s results to create a roadmap for marketing in 2021.

Now comfortably in the year 2021, we have broken down the results of our end of year survey for 2020 and created a basis of understanding for how these results will play out in the year 2021. After all, 2020 was a pacey year in terms of the growth and adoption of marketing trends, so an in-depth analysis of the trends created in 2020 is much deserved.

Below are the three most telling and informative results from our end of year survey. We are confident that the marketing trends conceived in the year 2020 will continue, and they serve as excellent reference points when constructing predictions for 2021.

Traditional media relations remained strong: According to our survey results, companies launched as many press campaigns in 2020 as they did in 2019.

Traditional media relations remained a staple due to its effectiveness in connecting brands and companies with their target audiences. In 2020, it became more important than ever to be known, and there are few better ways of doing so than being published by a magazine or website.

Many business-to-business (B2B) and business-to-consumer (B2C) companies “stated their case” to target audiences in 2020 by leveraging one of the most trusted gatekeepers in the marketplace: the media. Consumers and decision makers in business needed to be conservative with their budget in 2020, and they relied heavily on the media to help make decisions for them.

2021 Marketing Predictions

Our own experiences in the year 2020 supported our survey results. Due to market volatility, those with spending power in the business community wanted to make sure they were working with stable and trustworthy partners. The media of a respective industry acts as a vetting system for potential clients or customers; if you are established and trustworthy enough to be published by a trade publication or applicable magazine, it bodes well for your viability in the marketplace in the eyes of potential business partners.

As an example, in 2020, we were told by many editors across the industries in which we work that there was an influx of submitted press releases for publication. At first, this seemed hard to believe. Was there really that much news that needed released to the media in the middle of a pandemic? But, as supported by our survey results, companies truly needed media coverage in 2020 more than ever. Businesses across all sectors were required to engage with the media as a way of peeking their heads out of the door, so to speak, and saying, “we are still here and serving our clients and customers.”

These results tell us that even during tough years for traditional media, its influence remains constant. In 2021, plan to launch just as many or more campaigns as in 2020. As a company, becoming a familiar name and face in front of target audiences is extremely valuable for future success.

B2B and B2C audiences shifted their conversations to social media.

In what is arguably the least surprising result of our survey, we found that companies increased their social media posting frequency by nearly double in 2020. With a massive increase of people spending more time at home, social media became the new desired place of e-commerce and lead-development for companies in B2B and B2C market segments.

Will people continue leaning on social media as strongly as they did in 2020? Absolutely. If you are familiar with Pavlov’s Dog experiment, you understand that once someone is introduced to specific, rewarding stimuli on a consistent and scheduled basis, they become hyper-aware of when the same stimuli are absent from their daily lives.

2021 Marketing Predictions

This same ethos can be applied to a company’s social media presence. If you found yourself increasing your social media posting frequency in 2020, chances are your followers, who may be potential clients or customers, will notice if you decrease your content frequency in 2021. So, we would advise to continue posting at the same frequency in which your company or brand did in 2020. After all, in 2021, there will be much more success to post about.

In keeping with social media’s high-octane performance in 2020, we found that, through our survey results, many more companies relied on influencers to promote their brand and product than in previous years. As was overheard during a Zoom webinar attended last year, influencers were found to be “pandemic proof” in the first half as 2020. While many traditional forms of media reduced activity for a few months and went home, influencers were already at home, and they were much more used to creating content for brands out of thin air.

2021 Marketing Predictions

Brands and businesses were highly intrigued by the accessibility and relatability of influencers in the eyes of their target markets, and got to work with their influencer marketing programs. Companies learned that there were various levels of influencers geared for different tiers of their target audiences, and it showed through an increase in search terms like “How to find micro influencers”, “Nano and micro influencers” and “Micro influencer marketing.”

These tiers of influencers gave brands a menu of different market segments they could reach at home, and this specialized strategy of targeting B2B and B2C audiences using influencers is sure to continue in 2021.

Desktop and mobile screen time rose significantly in 2020, and it has transformed the way consumers interact with businesses. 

For most people spending increased time at home, their phones and computers became all-in-one their place of work, marketplace, social gathering space, and public square. Marketers quickly took notice of this phenomenon and got to work.

Commerce primarily shifted to a digital setting to adapt to the increase in screen time. Producing digitally native content became much more of priority, simply because creating and maintaining visibility in the digital marketplace became extremely important for businesses in nearly every sector.

2021 Marketing Predictions

One of the most interesting B2B hospitality marketing developments of the year 2020 – discussed in HubSpot’s 2021 social media predictions webinar – was the phenomenon of “ghost kitchens.” This is a new kind of hospitality business that was created in direct response to  increased screen time due to the pandemic. A ghost-kitchen business is a restaurant that only exists in the digital marketplace. A business owner rents out a kitchen, but the typical symbols of the restaurant’s identity – such as a serving staff, décor, etc. – do not exist. Ghost-kitchen restaurants operate exclusively through delivery services such as Doordash and Uber Eats, but they do not “exist” in the physical realm so to speak. You can’t even place an order for takeout, since there is no physical restaurant-like setting to pick up from.

Think about it – an entire hospitality sub-industry created for a mobile device-exclusive marketplace. We look forward to seeing the places these digitally native companies go in 2021.

Proper digital media management and digital media marketing was a major priority for companies in 2020. Our survey results reflected that B2B and B2C companies increased SEO spend in 2020 to meet this new demand of digital business. We’ve mentioned this before, but if a business was not visible on digital platforms in 2020, it essentially did not exist. Not to mention, our survey yielded results that businesses’ website traffic experienced a sharp increase in 2020, which can be a result of, or reason to build, a strategic SEO strategy for your business.

As far as digital marketing forecasting and an outlook on digital marketing trends for 2021 goes, this year will remain important for businesses to continue an investment into SEO. Though many physical elements of business and commerce are returning, we are not quite there yet, and it is still highly important to remain visible in the digital economy.

Filed Under: Eberly and Collard Tagged With: 2021 Marketing Predictions, advertising, B2B Social Media, content building, content marketing, data-driven marketing, Instagram, Instagram for B2B, lead generation, marketing, Marketing Predictions, Marketing strategy, Marketing Survey, SEO optimization

Relevant Expertise May Soon Replace Customer Referrals

January 26, 2021 By Jeff Collard Leave a Comment

Client loyalty and customer referrals have now hit an all-time low, and these types of new business connections are fast being replaced by having relevant expertise in a niche service category.

Even with 2020 past us, we are still living in unprecedented and chaotic times. But, most of all, these are times of profound change. At Eberly & Collard Public Relations, we believe we are on the precipice of a revolution as it pertains to how leaders at professional service firms can market themselves. Buyers need to know how to assess service providers in today’s environment. And, sellers need to understand what types of sales and marketing methods will gain the attention of buyers.

Client Loyalty

Buyers stated in a study last year conducted by the Marketing Research Institute that relevancy of services or specialization in a niche category was a key selection factor. This factor has risen 33% over the last two years and will continue to rise. Relevant expertise translates to higher client satisfaction, loyalty and referrals, all of which are at all-time lows. Because it is much easier for a buyer to do a quick web search than it is to reach out to a friend or a colleague for advice or for a referral. The loyalty suffers and is not established if the client does not see you as highly relevant to their current challenges and needs. The old methods will not work in today’s environment.

What is the best path forward? In today’s marketplace, a strategic and customized approach is paramount to success. A modern, digital-fueled content marketing approach is the right mix of ingredients. Traditional methods are not dead. It’s understanding how to balance them both appropriately in varying percentages based on your specific industry or unique needs.

Digital Marketing

Digital Marketing Dominates

Digital communications and marketing have been on the rise for more than a decade, but companies that have not evolved to include some form of digital marketing communications are being left behind. The 2020 pandemic forced many companies to convert to all types of virtualization where digital interactions are now routine. With so many gaining experience and comfort with virtual services, it will only continue to be more prevalent. Having a strong digital content marketing strategy will help aid in staying relevant. Items like Search Engine Marketing (SEM), Search Engine Optimization (SEO), a digital media kit, and a robust media relations strategy that will help secure articles and placements online will also help with high authoritative backlinks to your website. Podcasts and videos will also fall under this category, to name a few.

The Importance of Industry Specialization

Specialization is essential and considered a real competitive advantage over companies that do not do so. The benefits are obvious. Clients benefit by virtue of specialized service and added value through insights and suggestions. We decided years ago to be an industry niche-based marketing firm and have maintained our commitment to this decision. It’s been our strength in an otherwise uncertain economic environment because our target audience demands as much value out of their professional advisors as possible. We believe that specialization gives this to them. After all, by virtue of serving many organizations and individuals engaged within the same industries, we see challenges and opportunities much clearer than another firm not working in that specific industry category. This brings a lot of value to our clients in the niches we serve. We believe other professional service firms that follow in this similar model will also yield the same successes.

Successful Niche Marketing

Niche Marketing is A Successful Strategy

Differentiation, the most common, and most difficult marketing issue for professional services firms. Competition within the professional services space is fierce, and many industries are incredibly analogous—which makes differentiation that much more difficult. Take an unbiased look at your industry. See how competition saturation, economic or political volatility, and trends and challenges affect your position.

Define your target audiences and what they want. The critical rule here: Don’t guess. Internally generated client surveys and client service programs only go so far. What your clients and prospects say and do varies greatly depending on a variety of factors. Third-party research can help. Once you know the pain points and perceptions, make sure you have a solid plan on what to do with that vital information.

Use your resources and or the resources of your specialty marketing firm to focus your efforts. This involves all of your firm’s professionals, including technical, business development and marketing focused. Is your marketing department at capacity? Is this the time to outsource? Do your business development and marketing teams have the right skills and roles in place? Once you make changes or revise your strategy, do you have individuals that can champion the efforts and see things to fruition?

Understand What is and is Not Working

This tends to be one of the most difficult questions to ask, as the answers can be very nuanced. For example, are you engaging in reactionary marketing (or is marketing more of an afterthought in your organization)? Do you have a strategic plan in place? As mentioned in the beginning of this article, content development will be crucial to help increase awareness and education among your targets. But, it takes time. A realistic timeframe is approximately 3-4 months before a measurable difference can be seen. It’s quite often in today’s world of instant gratification that expectations are not realistic. Don’t set yourself up for failure by having unrealistic expectations from the very beginning.

There are numerous ways to increase B2B lead generation, but the information above will help guide you along the way. Working with an agency that truly understands your specific industry is the way to achieve success and convey your value proposition. Working to ensure that your client loyalty does not suffer is a sure-fire way to remain relevant to your customer base.

Filed Under: Uncategorized

5 Reasons Your Brand Should Partner with Micro-Influencers in 2021 and Beyond

January 19, 2021 By ECPR Team Leave a Comment

The influencer marketing industry is on track to nearly double its worth from $8 billion in 2019 to $15 billion by 2022, according to a Business Insider Intelligence report. Showing no signs of slowing down, influencer marketing is increasingly becoming a vital strategy for businesses to build brand awareness, generate engagement, attract leads, and drive sales.

Micro-Influencers Influencer Marketing

What is Influencer Marketing?

Influencer marketing is a form of marketing that employs or engages industry-leading content creators, or influencers, to advocate your business and endorse your products or services. The goal of influencer marketing is to increase the visibility of your company and drive your brand’s message to your target audience via a variety of channels, such as an influencer’s blog and social media platforms (Instagram, YouTube, Facebook, TikTok, etc.).

According to HubSpot, 80 percent of marketers say influencer marketing is effective and helpful in growing their businesses. However, it is important to note that an influencer marketing program is only as results oriented and effective as it is managed. When managed properly, it can expand your reach and produce new, unique and positive results for your business.

Understanding the difference between macro-influencers and micro-influencers is a critical aspect of any successful influencer marketing program. Doing so allows you to determine which form of influencer marketing will be most beneficial for your business and the goals you wish to achieve.

Macro-Influencers vs. Micro-Influencers

Macro-influencers are celebrities and other well-known individuals with broad, diverse audiences of hundreds of thousands to millions of followers. There is no denying that macro-influencers are capable of introducing and promoting brands, products and services to a wide-reaching audience; however, this is not always the best influencer marketing strategy for every business. Not every brand has the budget to engage macro-influencers; and depending on your marketing goals and objectives, smaller-scale influencers may be a better fit for your company.

Micro-influencers, on the other hand, typically have between 1,000 to 100,000 followers. They have more specific and targeted audiences, and are regarded as experts in their respective niches. Not only are micro-influencers considered to be far more accessible, affordable and authentic than macro-influencers, they also drive increased awareness, fans and followers, engagement, website and blog traffic, leads, and sales conversions for brands and businesses of all kinds and sizes.

While a micro-influencer’s number of followers is smaller than that of a macro-influencer, they have proven to achieve similar, if not better, results for businesses and brands. In fact, influencer marketing trends predict micro-influencers will continue to rise in 2021 and are emerging as the most effective influencer marketing strategy. As such, more and more businesses are realizing the importance and value in partnering with influencers who have smaller but highly engaged followings.

Below, we share five of the top benefits of using micro-influencers, as opposed to macro-influencers, to build brand awareness and boost sales for your business in 2021 and beyond.

1. Micro-influencers have higher engagement rates.

Did you know that influencers with smaller followings tend to have higher engagement rates than influencers with larger followings? This statistic may catch you by surprise, but according to Markerly, influencers with a follower base of 10,000 to 100,000 offer the best combination of engagement and broad reach, with like and comment rates that exceed influencers with a higher number of followers.

Although micro-influencers have fewer followers, they hold a large and powerful influence on their tight-knit, loyal communities and audiences. Micro-influencers are much more engaged and able to interact more frequently and authentically with their followers. Conversely, macro-influencers have such large followings that it is difficult to engage every single follower on a personal level. The more influencers interact with their audiences on a genuine level, the more connected, relatable and influential they become in the minds of their followers.

This is one of the best ways micro-influencers can benefit your brand, as partnering with them often yields more impactful results by helping connect your brand, message, product or service with their highly engaged and responsive followers.

Micro-Influencers Influencer Marketing

2. Micro-influencers reach niche and targeted audiences.

Micro-influencers are seen as industry experts and topic specialists in a particular market, and they reach niche and targeted audiences consisting of people who share the same or similar interests. In contrast, macro-influencers have a much broader audience with diversified interests. Thus, partnering with micro-influencers for brand, product or service promotions instead of macro-influencers is often recommended. Doing so allows you to reach highly engaged followers in a specific niche and easily connect with your target audience, as opposed to getting lost in the masses.

3. Micro-influencers are more affordable.

Incorporating a micro-influencer strategy into your marketing mix can benefit your business’s overall budget. Micro-influencers are far more affordable than celebrities or top-tier influencers with millions of followers. This has encouraged many brands to turn to micro-influencers for collaboration.

More often than not, macro-influencers charge thousands of dollars for a single post promoting a product or service, whereas 97 percent of micro-influencers charge less than $500 for a promotional post. Instead of paying a costly fee for a single, short-lived post from one macro-influencer, consider investing in several different micro-influencers to maximize the benefits and longevity of your influencer marketing program. By doing so, you can reach a larger, more engaged and targeted audience that is more likely to have a true interest in your brand and take action on your products or services.

4. Micro-influencers provide more authentic content.

Micro-influencers generally give the impression of being genuine and trustworthy individuals, as they provide their audiences with more authentic and relatable content. They are very invested in the communities they have created, and their followers look to them for honest reviews and recommendations. Because of this, they are strongly motivated to produce creative, high-quality content that impresses their followers as well as the brands with which they work. In doing so, they are able to deliver your brand’s message in a way that will appeal to and resonate with their followers, ultimately encouraging them to transform into potential customers.

Micro-Influencers Influencer Marketing

5. Micro-influencers generate higher conversion rates.

Collaborating with micro-influencers is an excellent way to increase your conversion rates. According to a recent study, 82 percent of consumers are highly likely to follow a recommendation made by a micro-influencer. This, in part, goes back to the authenticity factor that we mentioned just above. The suggestions and reviews made by micro-influencers are considered to be candid and sincere by their followers.

A great strategy for this is to create special discount codes or affiliate links for your micro-influencers to share with their followers by way of product reviews, tutorials, sponsored posts, etc. In turn, this will encourage and motivate their audiences to purchase your products or services. As a result, there is a strong likelihood your sales conversion rates will increase.

At Eberly & Collard Public Relations, we develop and manage influencer marketing programs for our clients, and carefully research and vet influencers that are the most beneficial for their brands. Contact us if you are looking to kick-off a new or improve a current influencer marketing program for the new year.

Filed Under: Uncategorized

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